Concor Q3 PAT up 21.49% at Rs284.61cr on lower rail freight expenses and lower employee costs

21 Jan 2022 , 12:11 PM

Container Corporation reported 9.69% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs1,938cr.

On a sequential basis, the revenues were higher for the quarter by 5.49%. during the quarter, the EXIM vertical of the company saw revenues growing by 2.4% at Rs1,330cr.

During the same period, the domestic logistics business saw growth in revenues by 11.8% at Rs608cr.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 21.49% at Rs284.61cr on the back of improved operating performance of the EXIM business due to lower rail freight expenses as well as lower employee and manpower costs.

However, the operating performance of the domestic logistics business came under pressure as the profits were flat yoy with low margins.

PAT margins were higher from 13.26% in Dec-20 to 14.69% in Dec-21 quarter. Sequential net margins were also higher.

Financial highlights for Dec-21 compared yoy and sequentially

	Container Corporation
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,938.03	₹ 1,766.89	9.69%	₹ 1,837.20	5.49%
Net Profit (Rs cr)	₹ 284.61	₹ 234.27	21.49%	₹ 253.72	12.17%
Diluted EPS (Rs)	₹ 4.65	₹ 3.83		₹ 4.16
Net Margins	14.69%	13.26%		13.81%